Banco BBVA Argentina S.A. (NYSE:BBAR) finished Friday with an addition of $0.04 to close at $5.39, an upside of 0.82 percent. An average of 582,520 shares of common stock have been traded in the last five days. There was a gain of $0.12 in the past week, and it reached a new high 37 times over the past 12 months. The last 20 days have seen an average of 566,410 shares traded, while the 50-day average volume stands at 700,692.
BBAR stock has decreased by -7.84% in the last month. The company shares reached their 1-month lowest point of $5.09 on 08/08/23. With the stock rallying to its 52-week high on 06/26/23, shares of the company touched a low of $2.52 and a high of $6.43 in 52 weeks. It has reached a new high 20 times so far this year and achieved 41.78% or $1.49 in price. In spite of this, the price is down -16.22% from the 52-week high.
Valuation Metrics
Banco BBVA Argentina S.A. (BBAR) has a trailing price-to-earnings (P/E) ratio of 4.44. The stock’s beta is 1.31. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 0.76, the price-to-book (PB) ratio at 0.67.
The company’s most recent quarterly dividend payment was $0.0837 a share, representing a up of 42.35% from $0.0588 last year. Its latest increase dividend $0.0249 reported on Friday August 4 2023.
Financial Health
Further, the company has a long term debt to equity ratio of 0.01 and a total debt to equity ratio of 0.01 for the quarter ending June 29. Its gross profit as reported stood at $2.61 billion compared to revenue of $4.85 billion.
Earnings Surprise
The analyst consensus anticipated Banco BBVA Argentina S.A.’s latest quarter earnings to come in at $0.64 per share, but it turned out to be $0.66, a 3.10% surprise. At the end of the quarter ending June 29, Banco BBVA Argentina S.A.’s stock balance sheet showed total debt was $121.16 billion.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Banco BBVA Argentina S.A. (BBAR) price momentum. RSI 9-day as of the close on 11 August was 44.65%, suggesting the stock is Neutral, with historical volatility in this time frame at 42.11%.
As of today, BBAR’s price is $5.36 +2.28% or $0.12 from its 5-day moving average. BBAR is currently trading -3.92% lower than its 20-day SMA and +42.97% higher than its 100-day SMA. However, the stock’s current price level is +23.06% above the SMA50 and +77.89% above the SMA200.
The stochastic %K and %D were 26.30% and 23.78%, respectively, and the average true range (ATR) was 0.27. With the 14-day stochastic at 30.58% and the average true range at 0.28, the RSI (14) stands at 45.52%. The stock has reached 0.06 on the 9-day MACD Oscillator while the 14-day reading was at -0.10.
Analyst Ratings
HSBC Securities upgraded Banco BBVA Argentina S.A. (NYSE: BBAR) to a a Hold rating in its most recent analyst report. Previously, the stock was rated as a Reduce. The consensus rating for Banco BBVA Argentina S.A. (BBAR) among analysts is Buy. According to current brokerage recommendations, 0 brokerage firms advise that investors sell BBAR, while 0 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 1 others rate it as a “buy”.
What is BBAR’s price target for the next 12 months?
Analysts predict a range of price targets between $7.50 and $7.50, with a median target of $7.50. Taking a look at these predictions, the average price target given by analysts for Banco BBVA Argentina S.A. (BBAR) stock is $7.50.
